XRP is currently priced at $2.31, reflecting a significant 7.93% decline over the past 24 hours. The daily trading range has been relatively tight, with a high of $2.52 and a low of $2.27, indicating a lack of volatility despite high trading volume of approximately $7.27 billion.

The volume-to-market cap ratio stands at 5.23%, suggesting a healthy trading activity relative to its market capitalization. Short-term moving averages are displaying a bearish trend, with the 8 SMA at $2.31 showing a minor increase of 0.10%, while the longer-term averages (21 SMA and 55 SMA) indicate declines of 3.05% and 3.65%, respectively.

The 1-hour RSI is at 28, indicating that XRP is oversold in the short term, which may lead to a potential price correction. Conversely, the 7-day RSI is at 50, suggesting neutral market sentiment, while the 14-day and 30-day price changes are negative, reflecting an overall downtrend in recent weeks.

XRP's all-time high remains at $3.65, recorded in July 2025, leaving significant room for upside potential. However, the current price action and declining moving averages signal continued bearish pressure, and the lack of upward momentum may hinder recovery in the near term.

Given the current technical indicators and market conditions, a Hold rating is recommended. This stance allows for potential short-term recovery as XRP approaches oversold levels while remaining cautious of the longer-term downtrend reflected in the moving averages and recent price changes.